Consolidated EdisonWBO:ED -0.23%59 Return-on-Tangible-Equity is 15.19% as of Mar. 2026, which is 72% above its 10-year median of 8.84. GuruFocus rates WBO:ED with a GF Score™ of 59/100 and a GF Value™ of €92.33 (Fairly Valued). The stock has 9 warning signs investors should review. Among 496 Utilities - Regulated companies, Consolidated Edison ranks worse than 58.27% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Consolidated Edison's annualized net income for the quarter that ended in Mar. 2026 was €3,197 Mil. Consolidated Edison's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €21,050 Mil. Therefore, Consolidated Edison's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.19%.
The historical rank and industry rank for Consolidated Edison's Return-on-Tangible-Equity or its related term are showing as below:
WBO:ED'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.68 Med: 8.84 Max: 12.28
Current: 9.02
During the past 13 years, Consolidated Edison's highest Return-on-Tangible-Equity was 12.28%. The lowest was 6.68%. And the median was 8.84%.
WBO:ED's Return-on-Tangible-Equity is ranked worse than 58.27% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.935
vs WBO:ED: 9.02
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Consolidated Edison Return-on-Tangible-Equity Related Terms
Consolidated Edison Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Consolidated Edison's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBO:ED vs PEG, WEC, PCG: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Consolidated Edison's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Consolidated Edison Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Consolidated Edison's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Consolidated Edison's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.19% mean?
Consolidated Edison (WBO:ED) has a Return-on-Tangible-Equity of 15.19% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Consolidated Edison and its competitors. This is 72% above median its historical median of 8.84. Over the past decade, Consolidated Edison's Return-on-Tangible-Equity has ranged from 6.68 to 12.28. According to the industry distribution chart, Consolidated Edison ranks #289 out of 496 companies in the Utilities - Regulated industry, placing it in the top 58.3%.
Is Consolidated Edison's Return-on-Tangible-Equity too high?
Consolidated Edison's current Return-on-Tangible-Equity of 15.19% is 72% above median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 6.68 to a high of 12.28. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.94. Consolidated Edison's value of 15.19% is 38.9% above this industry median. Based on the distribution chart, Consolidated Edison ranks #289 out of 496 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Consolidated Edison has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Consolidated Edison's Return-on-Tangible-Equity compare to PEG and WEC?
According to the Utilities - Regulated industry distribution chart, Consolidated Edison ranks #289 out of 496 companies for Return-on-Tangible-Equity. This places Consolidated Edison in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.94. Consolidated Edison's value of 15.19% is 38.9% above this benchmark. Historically, Consolidated Edison's own Return-on-Tangible-Equity has ranged from 6.68 to 12.28 over the past decade. While the company's 10-year median is 8.84 vs. the industry median of 10.94, Consolidated Edison has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.94, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Consolidated Edison's current Return-on-Tangible-Equity of 15.19% is 38.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Consolidated Edison and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Consolidated Edison's current Return-on-Tangible-Equity is 15.19%, which is 72% above median its own 10-year median of 8.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Consolidated Edison stock overvalued right now?
Based on GuruFocus' analysis, Consolidated Edison (WBO:ED) is currently considered Fairly Valued. The stock's GF Value™ is €92.33, compared to a current price of €99.82 — trading 8.1% above its estimated fair value. The current Return-on-Tangible-Equity is 15.19%, which is 72% above median its 10-year median of 8.84 and 38.9% above the Utilities - Regulated industry median of 10.94. Consolidated Edison's overall GF Score™ is 59/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Consolidated Edison (WBO:ED), the current Return-on-Tangible-Equity is 15.19% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Consolidated Edison (WBO:ED) Overvalued in 2026?
Based on GuruFocus' analysis, Consolidated Edison stock appears to be overvalued.
The current stock price of €99.82 is trading 8.1% above its estimated GF Value™ of €92.33.
GuruFocus considers Consolidated Edison to be Fairly Valued.
Key valuation signals for WBO:ED:
Return-on-Tangible-Equity: 15.19% (72% above median its 10-year median of 8.84)
GF Value™: €92.33 vs. price of €99.82 (8.1% above fair value)
Industry Position: 38.9% above the Utilities - Regulated median (#289 of 496)
No single metric tells the full story. See the WBO:ED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York, including New York City, and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
59GF Score
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